1.6K views · 5 comments | FTX founder Sam Bankman-Fried is stepping down as CEO amid the company's Chapter 11 bankruptcy filing, leaving many wondering what does that mean for the money they invested. Cory Klippsten, CEO of Swan Bitcoin, joins NewsNation's "On Balance." #crypto #ftx | NewsNation | Facebook

Crypto exchange platform FTX could have more than one million creditors, as regulators open investigations. FTX outlined a "severe liquidity crisis" in U.S. bankruptcy filings, prompting lawmakers to call for clearer rules on how the industry operates. The company is in contact with financial regulators and has appointed five independent directors at each of its main companies. #FTX #Crypto | Ticker NEWS | Facebook